Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

Referendum : to be in Europe or not to be ?, that is the question ! (REF)     

required field - 03 Feb 2016 10:00

Thought I'd start a new thread as this is going to be a major talking point this year...have not made up my mind yet...(unlike bucksfizz)....but thinking of voting for an exit as Europe is not doing Britain any good at all it seems....

Haystack - 03 Jun 2016 12:16 - 2641 of 12628

That was a very silly moment and did not help the discussion. The other stupid thing was the very rude girl studying English Literature.

iturama - 03 Jun 2016 12:31 - 2642 of 12628

Rude perhaps but not stupid. All politicians want to steer the discussion into areas they feel comfortable and avoid the issues that they feel vulnerable. If you have to be rude in order to hold their feet to the fire, so be it.

jimmy b - 03 Jun 2016 12:35 - 2643 of 12628

People have had enough of his crap Haystack ,i don't know why you defend him so much ,i voted for him but now realise he is a lying idiot.

Haystack - 03 Jun 2016 12:41 - 2644 of 12628

Rude and stupid. She made a big thing of being a student and knew what waffling was. Firstly she is a student and not as yet qualified in anything. Secondly she goes to Southampton Solent University, not the University of Southampton. She goes to a university that will take you with a grade D in English. One of the pretend universities that used to be Technical Colleges, that turn out people who won't get jobs. If you are over 21 you can get in without any A levels.

iturama - 03 Jun 2016 12:52 - 2645 of 12628

You and your everyone is stupid that didn't go to grammar school. Her education has nothing to do with it. Sure she was a bit clumsy in the way she framed her question but she shook Cameron out of his comfort zone. Job done. She made him sweat, something your nemesis Corbyn has never done.

Haystack - 03 Jun 2016 12:59 - 2646 of 12628

It has nothing to do with grammar schools. She made so much of being an English student. However, it is at a low grade metropolitan university with almost non existant entry requirements. That is not the same as saying her status qualified to indentify waffle. In fact her status qualifies her to do just about nothing.

2517GEORGE - 03 Jun 2016 13:06 - 2647 of 12628

Well she made DC uncomfortable with her question. so not bad for someone you label as stupid.
2517

jimmy b - 03 Jun 2016 13:08 - 2648 of 12628

He is still a lying idiot ,am i qualified to call him that ?

Chris Carson - 03 Jun 2016 13:14 - 2649 of 12628

Haystack - You don't need to be a English Literary genius to smell bullshit, Cameron is a serial liar. Good on her for speaking out.

Fred1new - 03 Jun 2016 13:27 - 2650 of 12628

Lying, devious? Yes.

Idiot? No.

Congratulations to the English student.

When dealing with trash of a similar ilk as Haze, one needs to be pointed and keep the liar away from returning to what has been scripted for him to repeat.

She did well.

Good for her!
-====

Haystack - 03 Jun 2016 13:29 - 2651 of 12628

There is bullshit and scaremongering on both sides of the EU argument. Tonight it will be Gove doing the same thing on Sky tonight.

jimmy b - 03 Jun 2016 13:39 - 2652 of 12628

Idiot ,yes Cameron has not got a clue how to manipulate the voters in to voting stay ,if anything he has turned yes voters in to leave voters , i have heard it time and time again.

Haystack - 03 Jun 2016 14:02 - 2653 of 12628

It looks like everyone will have to wait until the actual result.

There will not be an official exit poll for the referendum. At general elections the BBC, ITN and Sky normally jointly fund an exit poll. The fieldwork is normally conducted by Gfk and Ipsos MORI, and then John Curtice, Steve Fisher and the rest of their team use the data to project seat numbers. This did not happen for the Scottish referendum or the AV referendum, and it won’t be happening for the EU referendum either.

black bird - 03 Jun 2016 14:43 - 2654 of 12628

think about the cornfields to be built on if we stay in EU no here mentions this must be blind have you not seen the field next to you lately BB

Haystack - 03 Jun 2016 14:44 - 2655 of 12628

Never liked corn. Fields of it could only be worse.

ExecLine - 03 Jun 2016 14:49 - 2656 of 12628

Just in (from Money Morning):

Dear ......

I was recording a radio programme about the potential impact of Brexit on the British housing market last night.

There’s been plenty of talk about it – from the Treasury warning of an 18% fall in prices (in relative terms), to landlord groups warning of a (mild) fall in rents.

But what’s very clear when you dig through the research is that no one really knows what would happen.

The truth is, I suspect it would mean very little to anywhere outside London (the focus of foreign ownership in Britain). And it probably wouldn’t have that much impact there either.

In fact, I think it’s more interesting to look at why all these organisations want to paint such a grim picture – and how that would change if we actually do vote to leave the EU…

The psychology behind painting a disaster scenario

The “catastrophe” arguments for a post-Brexit house price collapse are all flawed (and that’s ignoring the fact that they also assume that falling house prices is a bad thing in the first place).

Sterling will collapse! Fine, but if that’s your argument then logically that would bring a flood of foreign money into the property market – as it did in 2008/09 (which would also prop up sterling).

Interest rates will go up! Well, no they really won’t. If Brexit were to cause a recession (again, it’s not clear why it would), then raising rates is the last thing the Bank of England would do – regardless of whether inflation picked up as a result of a weaker pound.

The reality is that, despite the protestations of economists, no one can predict the future.

So rather than indulge in endless scenario analysis, it makes more sense to look at the psychology behind why various organisations are putting out quite such apocalyptic visions of Brexit – and how that would change if we actually vote “Leave”.

Let’s start with the government. The motivation here is obvious. Clearly, David Cameron doesn’t want Europe to be a live issue in the Tory party anymore. Unlike Nicola Sturgeon’s stand on independence for Scotland, he most definitely wants this to be the last EU referendum for a generation – if not forever. And he’s effectively staked his political career – his legacy, even – on doing it.

If "Leave" wins, it’ll be tricky for him to stay as prime minister. If “Remain” wins, but only by a small margin, he’ll be spending the rest of his time in office watching his back, rather than getting on with running the country.

So it makes sense for Cameron and George Osborne to make big, scary claims before the vote. They don’t just want Remain to win. They want ‘Leave’ to be utterly trounced. They want to put the eurosceptics back in their box.

As for the other catastrophists – the likes of the OECD and the IMF are bound to stand up for the EU. These are clubs. They like other clubs. They’d like it if the world was run by one great big club. So they don’t want to see anyone walking out of a club and making it less popular. This isn’t a backroom conspiracy – it’s a simple case of one transnational organisation standing up for another.

What about companies? Again, companies – particularly big companies – are conservative institutions. They’re used to things being done in a certain way. Change involves hassle, paperwork and uncertainty. Taking clear sides in politics – particularly against the government – involves risks to brands and influence. So again, it makes sense for them to be largely on the Remain side.

The point is that on this side of the vote, the weight of effort and lobbying power is focused on presenting everything in the worst possible light.

The post-Brexit U-turn

However, once the vote is over, all of that lobbying power will shift focus. If Britain votes to leave, then the calculus changes.

Various facets of the Leave camp differ on lots of details, particularly immigration. But a desire for continued free trade remains a key plank of pretty much every Leave constitution (apart from perhaps the far left, who seem pretty confused about where they stand on the EU in any case).

So no one in government in the UK wants trade barriers to go up. And none of the companies involved want that either. If trade barriers go up, that creates losers on both sides of the barriers. The buyer has to pay more. The seller is unable to sell as much.

Neither buyer nor seller wants that. So they will bring pressure to bear on their host governments – however spiteful they are inclined to be – for a smooth transition to take place.

Same goes for all the City institutions. Everyone who is threatening to up sticks and leave the City will shift focus to making sure that passporting and all the other things they value about the EU remain in place.

Because, again, the calculus changes. Do you really want to leave London? The British might not be that fond of bankers at the moment, but are you going to enjoy a warmer welcome or a more flexible labour market in France? Do you want to shift your institutions to countries that are ultimately still hostile to "the Anglo-Saxon model"? Don’t think so.

Certain countries in the EU might want to “punish” Britain. But those with more rebellious populations might want to think twice. It’s worth remembering that Britain is not uniquely eurosceptic. Polls suggest that nations across the EU would be having exactly the same discussion as we are now were they given the opportunity of a vote on the topic.

Does it make more sense to act like an angry spurned lover? Or like a magnanimous former colleague? It’s always hard to tell with the EU. But one is at least as likely as the other.

My point is, the apocalypse scenarios are very unlikely – and not just because they are genuinely unlikely. It’s because if we do vote to leave, the focus of most parties’ efforts will move to making the transition as smooth and as positive as possible.

Anyway, you can listen to the programme on Sunday at 11am on BBC Radio 5 Live. And we’ll be looking at the state of the property market in more detail in the next issue of MoneyWeek magazine, out next Friday.

Fred1new - 03 Jun 2016 15:05 - 2657 of 12628

Interesting summary!

MaxK - 03 Jun 2016 15:24 - 2658 of 12628

swoon..

Haystack - 03 Jun 2016 19:38 - 2660 of 12628

Cameron was right. She was not letting him answer the question before speaking again. That is the sign of a poor interviewer who is doing it for effect.
Register now or login to post to this thread.